"it's all upside and no downside." If you ignore the cost of doing the deal, any further investment of time and expertise into the company, and the opportunity

"it's all upside and no downside." If you ignore the cost of doing the deal, any further investment of time and expertise into the company, and the opportunity cost. And the fact that you still might lose all the money. Preference puts you (jointly) first in line for whatever is left, if anything.